Hanson & Doremus Investment Management Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Hanson & Doremus Investment Management grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,098 shares of the cable giant’s stock after acquiring an additional 2,700 shares during the period. Hanson & Doremus Investment Management’s holdings in Comcast were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its stake in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC boosted its holdings in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. Public Sector Pension Investment Board increased its stake in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares in the last quarter. SG Americas Securities LLC raised its holdings in Comcast by 211.7% during the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after acquiring an additional 1,963,246 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after acquiring an additional 1,833,453 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Macquarie restated a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.5 %

NASDAQ CMCSA opened at $37.36 on Thursday. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The firm has a market capitalization of $142.96 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $39.12 and a two-hundred day moving average of $40.17.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.